US Rolls Out New Export Controls of Advanced Tech
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Key TakeawaysThe U.S. plans to implement new export controls on advanced technologies, including quantum computing and semiconductor goods.The move comes after the U.S. already imposed export controls on advanced semiconductor chips aimed at curbing the Chin'a access.The new controls, made for “national security and foreign policy reasons,” are reportedly set to cover worldwide exports but exempt some nations such as Japan and the Netherlands.
The U.S. plans to implement new export controls on advanced technologies, including quantum computing and semiconductor goods, as it continues to target demand from China, the Commerce Department said.The move comes after the U.S. already imposed export controls on advanced semiconductor chips aimed at curbing China's access. Such curbs have already made it harder for American firms like Nvidia (NVDA) and Intel (INTC) to sell artificial-intelligence (AI) chips to China.US Cites National Security, Foreign Policy Reasons for CurbsFriday's controls, made for “national security and foreign policy reasons” according to the text of the proposed rule, are reportedly set to cover worldwide exports but exempt some nations such as Japan and the Netherlands, home of chipmaking equipment provider ASML Holding (ASML).The curbs cover the export of quantum computing items, advanced semiconductor manufacturing equipment, technology that produces high-performance computing chips that can be used in supercomputers and components designed to produce metal or metal alloy components.There will be a 60-day public comment period before the government issues its final rules. Read the original article on Investopedia.
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